Purchasing a House with Roof Issues: Should I Pay for the Repair or Replacement?

Homebuyers hunt for a house with the best possible condition at a lower price. They get discouraged easily when they see or hear of roof damage. However, should roof issues scare you off, or an opportunity for you to negotiate and save money?

Before making your ultimate decision, consider these factors:

1. What’s the Extent of the Damage?

Determine how bad the damage is. If hail or other disasters have blown off the shingles, replace them. Be aware, though, that some roof damage can be more serious than they appear. Other issues may occur, including insulation, ceiling drywall, or even structural replacement if this is the case.

During the inspection, look for professionals near you and ask for a quote. If you’re willing to shoulder the expenses, make sure to find the best hail damage roofing company. Always ask about hidden charges. 

2. How Will You Finance Your Purchase?

If you plan on using a Federal Housing Administration (FHA) loan to finance the house, remember that it should be in its livable and insurable condition to be approved. Also, you should have secured property insurance before closing.

Before you can get property insurance, the insurance company requires a four-point inspection, including plumbing, electrical system, HVAC, and roof condition and life expectancy. In general, they can’t insure it if the roof doesn’t last for up to three years.

What’s best about an FHA loan is that the down payment is lower and requires lower credit scores than other conventional loans. 

3. Old Roof

If it’s just an old roof, nothing should stop you from buying it. A roof’s life expectancy depends on the materials and weather in the area. Clay or concrete roofs can last up to 100 years; slate and copper roofs can last up to 50 years or more, while woods can have a life expectancy of 25 years. 

The installation also plays a vital part in a roof’s lifespan. In some cases, shoddy installation can mean roof replacement after several years. During the inspection, ask the seller how old the roof is and check the gutters to ensure the drainage systems are in good condition.

If the roof has minor damage due to storms or other natural disasters, you may negotiate the price of the house and pay for the repairs. Trojan is a roofing company in Indianapolis that can help you with roofing repairs at a reasonable price.

The Final Decision

First, gather important facts about the house. Know or ask the homeowner how old the roof is. If possible, ask for any documentation to prove. See the roof and attic yourself during the inspection, then get a second opinion from a professional roofing company, like Trojan Roofing, a leading roof repair in Indianapolis.

Ask what repairs are needed and an estimated cost. After knowing the overall condition of the roof, make an offer. Consider the total cost of the repairs or replacement, if necessary, on top of the house’s price. Ask the seller to shoulder the repairs or replacement or take care of it, but negotiate the total cost of the house.

If the seller is not open to negotiation on roof repairs and price point, the following roof conditions are enough reasons to walk away:

  • Water stains on interior walls as this may be due to excessive water damage.
  • Sagging roof due to structural damage
  • Moisture in the attic space, which could lead to poor ventilation issues.

In the end, buying a house is up to you. You may proceed with your purchase even if there are roof issues if you love everything about the house, its location, weather, neighborhood, etc.

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